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ISOTeam – on the verge of a bullish break from a potential double bottom formation! (21 May 2019)
By Ernest Lim's investing blog  •  May 21, 2019

Previously, I have done a write-up (click HERE) on ISOTeam (“ISO”) after interviewing Anthony, CEO and Richard, GM on an exclusive basis in Dec 2018. I have bought in at that time and have taken profit in Jan 2019. Since Apr, I have been accumulating ISO, as its chart seems to portend a potential upside breakout after a lengthy potential double bottom formation. ISO closed at $0.230 on 21 May 2019. Let’s take a look at its investment merits and more importantly, its investment risks below.

 

Investment merits

a) Potential bullish break from a double bottom formation

Since 2017, ISO has experienced a protracted downturn in its share price. For the past five months, it has been consolidating between $0.191 – 0.225. At the time of doing this write-up, ISO seems to be on the verge of staging a bullish break after a lengthy potential 5-month double bottom formation.

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By Ernest Lim's investing blog
I am an avid investor, trader cum remisier. I am a Chartered Financial Analyst® charterholder, as well as, a Chartered Accountant of Singapore. I have published articles on a wide range of topics on finance and investment, ranging from market / sector outlook, technical analysis and fundamental analysis etc.
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